Turkey lowered the import duty on Ukrainian nuts from 43% to 15%

From January 1, 2018, the Turkish Republic lowered the import duty for Ukrainian walnuts from 43% to 15%. The value of the basic customs value, which was approved on September 23, 2017 (look the article on our web-site “The rise in the import duty of walnuts in Turkey by 94% from September 23, 2017”), remains unchanged at 3.5$ for in-shell walnuts and 6.5$ for walnut kernels. The customs clearance rate now stands at 15% of the greater: “contract value of the goods” or “basic customs value”.

From January 1, 2018, the import duty is: 3.5$ (the basic customs value, because 3.5$ is more than the contract value of the goods 1.79$) * 15% = 0.53$, that is, the walnut price with the customs clearance in Turkey will be 2.32$/kg (1.79$ the walnut price + 0.53$ the import duty).

By January 1, 2018, the import duty on this same lot would be: 3.5$ (the basic customs value) * 43% = 1.51$. The cost of 1 kg of walnut with allowance for the customs clearance was 3.30$/kg(1.79$ the walnut price + 1.51$ the import duty).

Thus, the cost of 1 kg of in-shell walnuts at the customs clearance in Turkey decreased by 0.98$ or 42.2%.

Reducing of import duties loweres the tax burden for Turkish walnut buyers and provides the opportunity to purchase a quality Ukrainian product at more affordable prices.

We invite buyers from Turkey to cooperate!

Our company has a practical experience in supplying goods to Turkey with a full production cycle – product preparation, customs clearance, delivery organization. Read the feedback from Rempa company, which learnt about the excellent quality of our service and products by its own experience. Horus Group is a reliable partner. We guarantee transparent terms of cooperation, high quality of goods and an individual approach to work with each customer.

In order to receive information about the actual prices for walnut, please send us an inquiry by the e-mail: info@horusgroup.com.ua or contuct us +38068-500-43-09 (Viber, WhatsApp).